Chanson International to sell 8.98M shares at 81c in public offering

Chanson International announced the pricing of a best-efforts public offering of 8,980,251 Class A ordinary shares of the Company, and 8,980,251 common warrants to purchase 8,980,251 Class A Ordinary Shares, at a combined offering price of $0.81 per share and accompanying warrant. The Common Warrants have an exercise price of $0.972 per share. The Company expects to receive aggregate gross proceeds of $7.274 million from the Offering, before deducting offering expenses and commissions, excluding the exercise of any Common Warrants. The Offering is expected to close on or about September 17, 2024, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering for opening new stores in China and in the U.S. Joseph Stone Capital, LLC is acting as the exclusive placement agent for the Offering.